Liu Chuanzhi could no longer hold back!
In the afternoon, he asked all senior executives of the company to attend a meeting.
At the meeting, he stated unequivocally: "Gentlemen, have you considered why the Institute of Computing Technology's development has been slow? I think it's because we're too conservative and aloof. Who said that companies with a Chinese Academy of Sciences background can't make knock-off products? Look at Subor Technology, which is doing better than our Institute of Computing Technology now just because it copied the 'Qiongqi Game Console'!"
He paused, then continued, "As the saying goes, 'When you're poor, you think of ways to change.' It's time for our Computing Institute to change! From this moment on, we'll also make counterfeit products. Only by making counterfeit products can we make money. Only with money can we..."
I was just about to say that with the money, we could do research and development.
However, Yanagawa stopped himself from saying the words.
Just kidding. Research and development costs a lot of money. What if the research direction is wrong? The investment will be wasted.
It's better to buy than to make!
It's better to develop knock-off products than to research and develop them yourself!
The technical development of the "Boundless Electronic Pet" isn't particularly difficult; a few engineers could easily develop it. Since the "Boundless Electronic Pet" is based on Pokémon, why can't my company's electronic pet machine raise cats and dogs?
"...Only with money can we provide welfare to everyone!" Liu Chuanzhi added at the end.
Upon hearing this, everyone nodded in agreement.
"Yes, we've tied ourselves down. The Institute of Computing Technology needs to unleash its full potential and go all out. 'Boundless Electronic Pets' are so popular right now, we need to develop a knock-off product as soon as possible!" Yang Yuanqing shouted, immediately expressing his loyalty to Liu Chuanzhi.
Soon, everyone unanimously decided to develop "Lenovo Electronic Pet".
...
At this time, Duan Yongping and others also decided to develop "Little Tyrant Electronic Pet".
Of course, many more companies are also preparing to enter the electronic pet market.
However, in overseas markets, Wujiang Group owns patent rights, which has blocked counterfeit products from entering countries such as Europe, America, Japan, South Korea, Canada, and Australia.
...
"Boss, recently, many companies have increased their chip purchases and have also bought TN LCD screens, seemingly to develop electronic pets..." Liu Yinyin said. Given the nature of domestic companies, copying is rampant. "Boundless Electronic Pets" is so popular abroad, how could they not copy it?
Zhao Ye didn't care at all, waved his hand, and laughed, "It's okay, let them copy it, we'll continue to sell them chips and LCD screens as usual! Right now, we have too many overseas orders, and the Shanghai Wujiang factory's production capacity is insufficient. We can't handle it all anyway, so let them have it. Even if we don't sell chips and LCD screens, they'll still buy them from Japan and then copy our 'Wujiang Electronic Pet'. Since that's the case, we might as well sell chips and LCD screens to them and make a quick buck."
"The domestic market is too small; we need to focus our attention overseas," Zhao Ye concluded.
Currently, the Chinese people are not wealthy enough, and households with 10,000 yuan or more are rare. People who are willing to spend two or three hundred yuan to buy a "Boundless Electronic Pet" for their children are extremely few.
Zhao Ye has been taking time out of his spare time to study the US stock market and the global economy, combined with his knowledge of the "Black Monday" stock market crash from his previous life.
He was shocked to discover that there were actually signs before the stock market crash.
Some people who are sensitive to the economy and stock market may have already foreseen the future global economic downturn and stock market crash, and have thus taken decisive measures. Holding cash flow is crucial during a stock market crash.
Zhao Ye instructed Zhou Anping to sell the shares held by Galaxy Financial Company at a high price before the stock market crash, and at the same time, borrow money from major banks to buy at the bottom. Wouldn't that be even better?
Once the stock market crash is over, the stock will be listed again, and then it can be sold at a high price, making a huge profit.
On the evening of October 18th.
That is, the day before the stock market crash known as "Black Monday".
Zhou Anping called to report to Zhao Ye on his progress over the past period.
"Boss, Galaxy Financial has sold off all the shares of dozens of companies it holds, cashing out HK$12 billion!"
"In addition, Wujiang Group reached loan agreements with several banks, including HSBC, Hang Seng Bank, and Standard Chartered Bank, lending a total of HK$8 billion!"
"Borrowed one trillion yen from financial institutions such as the Bank of Tokyo, Japan Post Bank, Daiwa Bank, and Sumitomo Mitsui Financial Group!"
"It also borrowed $4.2 billion from US banks such as Citibank and Morgan Stanley..."
After Zhou Anping finished speaking, he hesitated for a moment and asked, "Boss, are you sure there will be a stock market crash? If not, borrowing so much money at once will result in interest alone being a considerable sum."
Zhao Ye wasn't entirely sure; he was just taking a gamble. If "Black Monday" happened like in his previous life, he could buy up everything at rock-bottom prices and make a fortune.
However, even if he loses the bet, it doesn't matter. With so much money, he can invest in real estate and the stock market in Tokyo, Japan, and he's guaranteed to make a profit.
Therefore, no matter what, Zhao Ye will not lose out.
It's just a matter of how much or how little you earn.
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